On this episode of Stock Movers:
- Pfizer (PFE) forecast little growth in sales for next year as the drugmaker looks to refresh its pipeline of hit drugs with a series of pricey acquisitions. Revenue next year will be $59.5 billion to $62.5 billion, roughly in line with Wall Street’s estimate, Pfizer said Tuesday in a statement. Sales this year are expected at $62 billion, within the range the company projected in early November.
- Ford Motor (F) will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable.
- Roku (ROKU) is upgraded in two steps to overweight from underweight by Morgan Stanley in a review of the US advertising sector that also upgrades Outfront Media to overweight from equal-weight and resumes coverage of Omnicom Group with an equal-weight recommendation.
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